Hi all,
I am currently looking at refinancing two IP loans which are currently variable with Bank West. I would like to fix at obviously the lowest rate with 100% mortage offset and redraw. What do you think the best product is at the moment.
Cheers[
]Very rare to get a fixed loan with those facilities.
I do have a fixed rate, one of the cheapest around too, which has redraw facility of up to 20% of the total loan value each year.
Thats the closest I can get you.
Another idea might be to fix say 50% and have 50% variable with an offset on that portion.
Good luck,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi Waf,
How long did you want to fix?
I have 3 year fixed 6.95% with partial 1.50% offset, no redraw.1 year introductory fixed 5.99% with 100% offset
no redraw.
Not a lot of options with fixed products,
as Simon said, have you considered a split.
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
VictoriaPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
St George offers low fixed rates. 6.95 for 3 or 5 years. See http://www.stgeorge.com.au/loans/home/default.asp?orc=personal
Sapphire Mortgages also offer low fixed rates. 6.89% for 3 years. See http://www.sapphiremortgageservices.com.au/
They are the best fixed rates that I know of. Hope that helps.
Cheers
Stu
Heritage Building Society had fixed rates with a redraw facility (no fees or penalty), but have very recently changed the rules on this product. I think now you can not payoff more than 20% without penalty.
There are no many product, as Simon said, but have you considered a split loan? eg 50% fixed and 50% PI with access to the offset.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
There is one lender at the moment that will offer 100% offset accounts on all fixed rate products 1-5 yrs. I.e 3 yrs at 6.85% with full offset. Very flexible product indeed at very !
Just email me if you would like to know more.
[email protected]Thanks all for the helpful info. Much appreciated.
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